Trading is NOT about being right or wrong. Trading IS about managing money!
Several months ago, we took a look at Stan Weinsteins 30 week high minus lows indicator. Time for another look:
We had nice divergences at the 2009 lows and again at the April High. Now however the high/low indicator is moving sideways as is the market I suppose. Regardless of your emotional attachment this indicator is saying wait and see.
| FXB | 156.24 | ||||
| EWJ | 9.64 | ||||
| FXC | 99.3565 | ||||
| EWT | 13.20 | ||||
| EWD | 28.08 | ||||
| XLI | 36.8912 | ||||
| FXE | 131.30 | ||||
| XLB | 37.09 | ||||
| XLK | 28.06 | ||||
| EWO | 16.335 | ||||
| EWY | 57.54 | ||||
| UDN | 27.30 | ||||
| UUP | 22.045 | ||||
| XLE | 73.09 | ||||
| EWH | 17.17 | ||||
| FXM | 78.31 | ||||
| EEM | 42.92 | ||||
| EWW | 60.35 | ||||
| FXA | 106.92 | ||||
| XLU | 34.79 | ||||
| PPH | 72.88 | ||||
| VNQ | 62.10 | ||||
| FEZ | 32.23 | ||||
| EWS | 12.57 | ||||
| ILF | 47.89 | ||||
| KBE | 21.99 | ||||
| EWI | 13.35 | ||||
| XRT | 57.17 | ||||
| EEB | 40.4076 | ||||
| EWN | 18.1181 | ||||
| IYT | 93.68 | ||||
| EWK | 11.49 | ||||
| FXI | 38.90 | ||||
| XLP | 32.5039 | ||||
| GDX | 54.69 |